What's Going On With ShiftPixy Stock Today?

ShiftPixy Inc PIXY shares are trading higher Wednesday. The company announced that it has regained compliance with Nasdaq listing requirements.

What Happened: In a regulatory filing late Tuesday, ShiftPixy said it received a letter from the Nasdaq informing the company that it has regained compliance with listing rules by maintaining a share price greater than $1 for 10 consecutive trading days. 

Shareholders voted to approve a one-for-twenty-four reverse split on Aug. 21. The split went into effect on Sept. 30 and shares began trading on a split-adjusted basis on Oct. 2.

Shares of the human capital management platform company have had a rough go in 2023. The stock is down nearly 98% year-to-date but appears to be beginning to see some retail support. ShiftPixy was among the top trending tickers on Stocktwits at last check. 

See Also: Insiders Buying Delta Air Lines And 3 Other Stocks

PIXY Price Action: ShiftPixy shares were up 9.35% at $5.73 at the time of publication, according to Benzinga Pro.

Photo: 3844328 from Pixabay.